ETH פאלס אונטער $ 1,900 ווי מאַרקעץ רעאַגירן צו וויקאַנינג כינעזיש עקאנאמיע - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by less than expected, heightening concerns of an upcoming global recession. Bitcoin also declined on Tuesday.

ביטקאָין

ביטקאָין (בטק) was once again trading in the red, as crypto markets continued to move lower, following Monday’s disappointing economic data from China.

Figures from the world’s second-largest economy showed that retail sales had grown by 2.7% last month, which is less than the 5% expected.

This, along with declining industrial production data, pushed בטק lower yesterday, with the sell-off extending into today’s session.

אין שרייבן, בטק/USD fell to an intraday low of $23,839.77, as prices dropped for a fourth consecutive session.

Looking at the chart, the 14-day relative strength index (RSI), is tracking at 57.25, which is marginally higher than Monday’s low, and could be a positive for bulls hoping for a reversal.

בטק has since climbed away from earlier lows, and is currently trading at $24,030.08.

עטהערעום

ווי ביטקאָין, עטהערעום (עטה) also experienced volatility during today’s session, with the token marginally falling below $1,900.

אויף דינסטאג, עטה/USD slipped to a low of $1,862.74, which comes less than 24 hours after the token was at a high of $1,926.60.

Today’s bottom is the lowest level that ethereum has traded at since August 11, when the price went on to break out of a ceiling at $1,885.

Ultimately, the decline comes as a key resistance point of $2,010 held firm over the weekend, with bears using that as a signal to reenter the market.

טראָץ דעם, עטה is up by nearly 11% from the same point last week, with the 10-day (red) moving average maintaining its uptrend.

Although the uncertainty in the global economy has impacted investor confidence, there is still a good chance that ethereum could move beyond $2,000 in the upcoming days.

פאַרשרייַבן דיין E- בריוו דאָ צו באַקומען וויקלי דערהייַנטיקונגען פון פּרייַז אַנאַליסיס געשיקט צו דיין ינבאָקס:

Will bullish momentum return to crypto this week? Leave your thoughts in the comments below.

אלימאן דאמבעל

עלימאַן ברענגט אַ יקלעקטיק פונט פון מיינונג צו מאַרק אַנאַליסיס, ווייל געארבעט ווי אַ בראָוקערידזש דירעקטאָר, רעטאַיל טריידינג עדזשאַקייטער און מאַרק קאָמענטאַטאָר אין קריפּטאָ, סטאַקס און פקס.

בילד קרעדיץ: שוטטערסטאָקק, פּיקסאַבייַ, Wiki Commons